Chubb has appointed Bill Hazelton to the newly created role of executive vice president, head of North America industry practices.
Hazelton will continue to serve in his current role as real estate & hospitality industry practice leader, overseeing the practice’s casualty profit and loss performance. He will also continue to report to Chubb Group vice chairman and North America president John Lupica.
As part of his expanded role, Hazelton will lead Chubb’s efforts to enhance the delivery of comprehensive industry-focused insurance coverages, risk engineering, and claims services to customers across all market segments, a release said.
"Chubb has extensive industry-specific expertise throughout our North America organization,” explained Lupica. “In this new role, Bill will enable us to harness this sector-specific knowledge across product lines and our servicing capabilities to provide clients with comprehensive insurance coverage solutions aligned with the nuances of their exposures and their industry.”
Lupica added that Hazelton comes to the role with “a deep understanding of Chubb's network of distribution partners, the unique needs of our mutual clients, and all that Chubb has to offer them,” and that he is excited to see the company’s capability to serve clients across key sectors rise to new heights with Hazelton’s appointment.
Read more: Chubb smashes records in Q2 earnings
For the second quarter of 2022, Chubb reported a net income of $1.22 billion, or $2.86 per share, compared to $2.27 billion, or $5.06 per share, in Q2 2021. But the company enjoyed a record core operating income of $1.79 billion, or $4.20 per share, in the quarter, up from $1.62 billion, or $3.62 per share, in Q2 2021.
